Sage Group Unspon (SGPYY) Stock Rating Upgraded by Zacks Investment Research
Sage Group Unspon (NASDAQ:SGPYY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “The Sage Group plc supplies business management software, services and support to small and medium sized businesses. The Company’s products includes accounting, payroll, customer relationship management, financial forecasting, payment processing, job costing, human resources, business intelligence, taxation and other products for accountants, business stationery, development platforms, e-business and enterprise resource planning. Sage Group’s products find its application in the healthcare, human resource and payroll, construction/real estate, transport/distribution, payment processing, accountancy, manufacturing, retail, and automotive distribution industries. The products offered by the Company are majorly developed and supported locally. The Sage Group plc is headquartered in Newcastle upon Tyne, the United Kingdom. “
Several other brokerages also recently commented on SGPYY. Liberum Capital initiated coverage on Sage Group Unspon in a research note on Thursday, June 1st. They set a “buy” rating for the company. Credit Suisse Group raised Sage Group Unspon from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.00.
Sage Group Unspon (NASDAQ SGPYY) opened at 36.25 on Wednesday. Sage Group Unspon has a 12-month low of $30.43 and a 12-month high of $39.61. The stock has a 50 day moving average of $35.84 and a 200 day moving average of $34.54. The firm has a market capitalization of $9.78 billion and a price-to-earnings ratio of 30.51.
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